HNA cuts stake in Deutsche Bank: filing

BERLIN (Reuters) - Chinese conglomerate HNA has cut its stake in Deutsche Bank (DBKGn.DE) to 7.9 percent, according to a U.S. regulatory filing.

FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo

HNA, the aviation-to-financial services conglomerate, has been selling overseas real estate and some of its biggest financial and strategic investments following a $50 billion acquisition spree over the past two years.

It had already reduced its stake in Deutsche Bank down to around 8.8 percent from roughly 10 percent in February.